Franglais:
mardybum:
Ah, the Canadian in charge of the Bank of England.Needs to buck his ideas up and get the interest rate out of the gutter before spouting much more nonsense about “BrExit”.
Get the interest rates up?
So there is less cheap money to invest in industry? So our mortgages cost more?
Interest rates being higher, may benefit some, but will disadvantage others.
Typical Socialist thinking.Everything is fine until you run out of other people’s money.
So why do think that it’s ok,for those who’ve saved for their retirement or a ‘rainy day’,or received a lump sum income protection insurance payout to cover ill health that stops them working,to then have to subsidise employers’ wage bills and profits in the form of zero let alone negative interest rates ?.No doubt the same employers,who then call those who’ve subsidised them,scroungers when the result forces ripped off investors onto Social Security ‘provision’.